Buffalo Wild Wings, Inc. Announces Plans to Acquire 15 Franchised Restaurants in Ohio and South Carolina
November 16 2011 - 4:01PM
Business Wire
Buffalo Wild Wings, Inc. (Nasdaq: BWLD) today announced its
intent to acquire 15 franchised units located in Ohio and South
Carolina from a franchisee group.
The Company expects the acquisition, if completed, to close
before the end of this year. These restaurants are currently
operated by franchisees David Fisher, Eric Lundgren, John
Slaughenhaupt, and Brad Haber. Buffalo Wild Wings, Inc. anticipates
funding the purchase price with available cash.
Sally Smith, President and Chief Executive Officer, commented,
"David, Eric, John, and Brad have done a wonderful job growing the
Buffalo Wild Wings® brand in the Dayton area, as well as
introducing Buffalo Wild Wings in Columbia, South Carolina. The
strong performance of this group of restaurants presented a very
attractive acquisition opportunity for us and we look forward to
welcoming them into our company-owned operations.”
David Fisher added, "We are deeply appreciative to have had the
opportunity to develop the Buffalo Wild Wings brand and to have
been a part of such a strong organization. It is bittersweet to
leave the system as we pursue new challenges, but we leave with
very positive relationships with the company and are pleased that
our restaurant team members will now be part of a national
organization with its resources and career opportunities.”
About the Company
Buffalo Wild Wings, Inc., founded in 1982 and headquartered in
Minneapolis, Minnesota, is a growing owner, operator and franchisor
of Buffalo Wild Wings Grill & Bar® restaurants featuring a
variety of boldly-flavored, made-to-order menu items including its
namesake Buffalo, New York-style chicken wings. The Buffalo Wild
Wings' menu specializes in 18 mouth-watering signature sauces and
seasonings with flavor sensations ranging from Sweet BBQ™ to
Blazin'®. Guests enjoy a welcoming neighborhood atmosphere that
includes an extensive multi-media system for watching their
favorite sporting events. Buffalo Wild Wings is the recipient of
hundreds of "Best Wings" and "Best Sports Bar" awards from across
the country. There are currently more than 800 Buffalo Wild Wings
locations across 46 states in the United States, as well as in
Canada.
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